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this president the right to do so not evil. republicans holding the debt ceiling hostage wrong. democrats doing the same thing, not wrong. not close. you can't say republicans aren't reading the will of the people in election when the people kept them in charge of the house in the same election. election have consequences, of course. perhaps hiking taxes on the rich is up with of them. but that does not mean we don't do a lick about our debt. not getting a handle on spending wasn't one of them. hearing only one side don't make you a journalist but doing so to ignore the other side makes you charyl top. charlatan. go after the goose, go after the gander. what is a gander? do you know? be fair, balanceed. both sides. have at it. >> dana: hello, i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, andrea tantaros. it's 5:00 in new york city. this is "the five." ♪ ♪ >> dana: earlier today, president obama held the final press conference of his first term in the east room of the white house. the main attraction, our old friend the debt ceiling. they could default on the debt, unles
of the united states. but the debt ceiling of course is something he'll be asked about today but there's a number of other issues, but among them, the recent picks in his cabinet, he's received a lot of criticism for his top cabinet picks recently being all white men. he'll be asked about the lack of diversity that we have seen in those picks, we have also seen the resignation recently of his labor secretary hilda solis, we found out that one of his chiefs of staff, will be leaving the white house. she had been considered the long shot for being his new chief of staff. and also wolf, he'll be asked, i suspect about guns, he said after the presidential debates that he supported the reinstatement of the assault weapons ban. if it requires a lot of political capital push for congress to do what will be a very heavy lift. so we're looking at more certainty on what will be ---solutions on gun violence. we're expecting recommendations from the vice president tomorrow and we're expecting president obama to act shortly after that, wolf. >> we do know if those recommendations from the vice pres
congress and go right over the debt ceiling, just borrow and spend. here's what nancy pelosi had to say on "face the nation," and this is a direct quote. "i would use the 14th amendment which says the united states will always be paying. i would just go do it." look who's here. co-host of the slam dunk winner, "the five," and he is here. eric, welcome to the program. >> thank you. and company. >> what do you say? >> not surprised. nancy pelosi saying, go ahead. she said pass the health care bill and then find out what's in it. bypassing congress -- congress has been the checkbook. they start the money bills in congress. send them over to the senate. you can't do it. president obama is the guy, when he was senator obama, who called george bush's debt unpatriotic. if i'm not mistaken, correct me, but there was a time he voted against raising the debt ceiling. president obama is in a very, very interesting predictment right now. by the way, in an hour and ten minutes or so, he's going to address the debt ceiling and what he plans to do, what he wants to do with the debt limit. my guess is,
again. another recession if congress balks at raising the debt ceiling. that's right. those two words, we're all using them again. debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much,
of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the things that i've said in the past, the belief that we have to have stronger background checks
the debt ceiling, and he effectively dared congress to let the u.s. default on its debt obligations right now. he said it's up to congress. he put it in their hands. his language specifically saying they will not collect a ransom in exchange for not crashing the american economy. just some of the language that he used today. he was challenged on this as well, obviously, as he has sort of drawn his line in the sand on the path on other issues. he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown shootings. those recommendations were expected tomorrow. the vice president is sitting down, alex, with the president for what will be a late lunch after about a 51 mi
, there seems to be a different tone from the president. i'll get to that in a minute but on debt ceiling, you're absolutely right. when you take that sentence, what he was trying to say because he's not talking about having plan "b"s in his back pocket, things like minting coins, 14th amendment which senate democrats are begging him to do. he's saying, no, if we default, he wants to make it clear then republicans will have decided not to send out social security checks, not to pay our military, not to do these things, so you're right, he's hoping that the political blame -- now, the irony here, chris, is senior republican leaders, they agree with the president on that. any though that that's a politically bad place for them to be. the question is it's going to shift to the government funding and shut down going forward and there talking to aides, they get -- that's up for negotiation. but they want it separated from debt creating. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this governme
a pretty good sense of what we're going to hear the president say when it comes to the debt ceiling and fiscal issues. jay carney sort of telegraphed these statements during the briefings last week, the last one was on wednesday where he said, and i pulled up the notes to get it right. he said there are only two options to deal with the debt limit. congress can pay its bill or fail to act and put the nation into default. the line in the sand was clearly drawn during those news conferences with the press secretary jay carney last week. and the president is going to draw his own line when he makes those opening remark just a short time from now. >> is the president going to speak first about the debt ceiling, and do we expect any written remarks about what the vice president has been doing because there is that self-imposed tuesday deadline tomorrow about the gun control debate and what the gun task force, the proposals, that is, what will be put forth by the vice president. >> it's a good question and it will certainly be questions from reporters gathered in the east room about the i
right. matt spetaling. >> thank you, sir. you've spoken extensively about the debt ceiling debate, but some republicans have further said that they're willing to allow a government shutdown to take place rather than put off deep spending cuts. are you prepared to allow the government to grind to a halt if you disagree with the spending cut proposals they put forth? and who do you think the american people would blame if that came to pass? >> well, ultimately congress makes the decision about whether or not we spend money and whether or not we keep this government open. if the republicans in congress make a decision that they want to shut down the government in order to get their way, then they have the votes at least in the house of representatives, probably, to do that. i think that would be a mistake. ting it would be profoundly damaging to our economy. i think it would actually add to our deficit, because it will impede growth. i think it's shortsighted. but they're elected representatives, and folks put them into those positions and they're going to have to make a decision abo
the debt ceiling crisis. >> stephen: we should have known that a coin was obama's solution to everything. it was right in his slogan. change. it's legal in that it is not technically illegal. [ laughter ] let me explain with someone else's mouth. >> technically it does appear to be legal. here is how. >> the u.s. government can print new money but there's a limit to how much paper money can be until circulation at any one time. there are rules that limit the denominations that gold, silver and copper coins can be but there's no limit on platinum coins. the president can issue a platinum coin in any denomination. the treasury can mint it and print on it $1 trillion. it president can order it to be deposited at the federal reserve. >> stephen: then ben bernanke goes to the fed break room vending machine, inserts the count and picks either cheese nips or save the world economy. [cheers and applause] folks -- frankly, i do not think this will ever hasm first of all, when -- ever happen. first of all, what do you put on a trillion dollar coin snon the tail side a bald eagle breathing fire whi
monday with inauguration and already digging in his heels against republicans on the debt ceiling saying today, quote, we are not a deadbeat nation. ann says republicans just cannot stand for smart people being in charge. ann, i could not agree more. >> that's exactly right. that's the problem. >> amen. >> like us on facebook and let us know what you expect of the president's second term and the debt ceiling and budget battles. >>> up next, crime and punishment. america has more people locked up than any other nation in the world and what price to our wag lets and to our society? the author of "jailhouse blues" joins us next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progress
. breaking news right now from ben bernanke on the debt ceiling. over to you, steve. >> thank you very much. ben bernanke commenting on the fiscal cliff. saying there was progress there but the u.s. economy and the theretos from the fiscal debate, the u.s. economy is not out of the woods yet. raising the debt ceiling, he said, gives the opportunity to spend now. like a family trying to raise its credit rating not deciding to pay bills. we think we're getting some effect in lowering interest rates but it's still early yet to tell. we have found qe to be an effective tool. we will continue to assess how effective. just before you came to me he was asked one of the criticisms. aren't the fed quantitative policies overspending by congress. the chairman saying it's not the fed's job to play games and make congress do what it should be doing on its own. >> he keeps saying this in so many words. you'd think people would get it at this point. thank you so much. >> you would think, yeah. >> steve leisman. president obama telling republicans to move quickly on the debt ceiling. jon harwood on the pre
't use the debt ceiling. that's a bad idea. >> president said he won't negotiate on the debt ceiling. >> i think he's right on that. >> senator, thank you. good to see you. >> thank you. nice to see you all. >>> and we spoke to supreme court justice sonia sotomayor. she spoke with scott pelley about her new york city home and reputation as a tough corporate lawyer. >> you write in your book that one day one of the associates one of your colleagues was on the telephone, and he described you, your words, not mine as one tough -- >> his words. >> as one tough bitch. >> yeah. >> and when you heard that, you thought what? >> what in the world is wrong with me? i was a pretty tough negotiator and hard to push around and i don't think they were used to my kind of toughness then. >> is his description in any way unfair? >> probably not. >> she's been called a lot of things, but she told us more than madam justice, she prefers another title. >> it's sonia from the bronx. >> what does it mean to be sonia from the bronx? >> hi. >> it means to be a part of this particular communi
about the debt ceiling. we'll have that for you live right here on ms nrk bc. >>> today's tweet of the day is about one part of the golden globes thats has gotten a lot of attention today. marley matalin writes, jodie foster at the golden globes, pure jody, rightfully defending her privacy while doing it with brains and a smile. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! two. three. my credit card rewards are easy to remember with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of
't need to raise the debt ceiling, but at the end of the day, spending is not going to get cut, not in the way it would have to. >> i think you're right. we're never going to see the spending get cut. because i don't think either party wants to cut spending that they regularly talk about and obama talked about cutting spending line by line. republicans talked about small government. but every year we look back and we say oh wow it's grown even more. i think there's going to be a lot of back and forth. it strikes me that that's obama's plan that he wants to get ahead of it, but the reality is neither party is going to do anything. that to me is the big scandal here. we're a constitutionally limited government yet it collects 2.5 trillion dollars a year. it strikes me that that's the scandal that not enough people are talking about, a limited government wouldn't need that much money. dagen: how do you think the debt ceiling fight does play out, however? again, if you have people who have nothing to lose, then they become very dangerous, if they're willing to put their necks on th
worried with would happen with the cliff. >> right. tracy: here we are with the debt ceiling debate, you still have to be worried. >> less, by a lot. the idea of everybody's income tax rates going up to the degree they could have without working this out could have been much more catastrophic to the economy. certain things have to be done. i'm much less concerned now than i was two months ago. tracy: we do have people with smaller paychecks. >> yes. tracy: your fees run, what, about sign-up is $50. comes down to a month? >> less than that. >> most people do meetings, monthly pass. no sign-up fee. $42.95 a month. weight watchers less than $10 a week. weight watchers online is less than $10 a month. tracy: are you worried this is one of the things i drop? >> if you look at the cost of obesity the way it impacts individuals and insurance companies and employers, the cost of diabetes, cost of heart disease, cost of cardiovascular, it is the best investment you can make from roi point of view as being healthy. from our point of view we focus on that value message. tracy: you hope that is how
on the debt ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" we see a man more interesting
the outside appear to be ritualized fights and markets thing, they are going to raise the debt ceiling and we don't need to listen until we do. >> neil: well put. thank you very much. and the debate is heating up. the this ceo is ready to shake things up. how he is pushing washington and both sides to get off the talking points and just get to work. machine. machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred
as this one, the debt ceiling and after that, of course, on the government shutdown. right now, there really is a tight rope the speaker is walking between, as you said, making clear that he is fighting for what they want, those spending cuts, but also understanding that if the u.s. does default, the credit of the united states will be a problem, and that's why the president made clear today he knows he's got the bully pulpit to try to put the blame back on the house republicans even before this fight really starts in earnest. >> no matter who thinks they're in the right on this one, there are real consequences if they don't make a deal. dana bash on capitol hill. it's just starting all over again. thanks, dana. >>> exactly one month ago, the horrifying massacre of schoolchildren in connecticut rekindled the national debate over gun violence and a fresh effort to try to do something about it. vice president biden is soon going to announce new proposals by his federal task force and president obama is already checking him out. >> what you can count on is that -- the things i've said in the pa
stocks. and you were right. this market wants to go higher even in the face of things like the debt ceiling debate and a global slowdown. if you had to call it a baseball game, what inning are we in? >> i'd say the second inning, third inning. there's a lot of left. >> wow. >> this is the year of all-time new highs? >> all-time new highs? >> as we speak. >> all-time new high for the nasdaq would be 5,000, right? >> i didn't say the nasdaq. >> okay. >> okay. so we have found the ceiling somewhere. >> it'd be fine. >> i asked our staff which chart you'd want to show to support your bullish stance and they showed me the russell 2,000. sthast where you're getting your bullishness right now? >> first of all, the dow jones is away from an all-time new high. the dow transportation index is less than 1% away from an all-time new high. when i see the secondaries as leaders, bill, that's the risk trade is back. i think that leadership suggests a lot more on the upside. >> so the secondary -- so-called secondaries are doing well. you think the blue chips will catch up with them and that's wher
the debt ceiling was a great idea and got them great leverage. they have climbed up the mountain and rig down the mountain so many times with this president. >> climbed down the mountain. i think it was a -- >> good point. talk about a cliff. but, you're right. they don't really want to play that game. they don't want to be accused of not paying the country's bill, but how do thaw use that leverage in order to finally get to cuts, which the president said will be coming, but never seems to come in their lives. >> back to the white house here, boy, the markets would love to hear that the white house says it doesn't matter. >> and at some point, i think the r markets might hear that, but you've got to go this dance if you're the white house, politically. and they understand that the republicans loss in the debt ceiling, they lost last time. >> president didn't win. it was sort of, it was he was battered. tack he roved. but it took him three to four months. >> you're talking about last time. just on the fiscal cliff. >> so right now, the republicans are vulnerable. they don't have any lever
by focusing on the debt ceiling fight is the president's sort of holding out a shiny object for the press to capture attention? >> well, look, i think whether, i think you're right that there's a lot of pitfalls out there for the president, things we haven't thought of, foreign policy crises yet to come and an economy that has been sluggish. a couple of things to realize. first of all the economy has not been in that great a shape and the president was reelected nonetheless. while eventually i think voters might get fed up with his economic stewardship, they might not. secondly whether the president wants to hold up shiny objects for the press, we know the debt ceiling fight will come to a head. we know it will be a major clash. the president wants to maintain upper hand here. not so much what you or i might think is really going on. it is what voters think is going on. how they see things. he wants to maintain his image at a reasonable, rational guy versus a, band of republicans he wants to faint as extreme, out of touch and unreasonable. jon: weill look for him to, at that conversation
, the president expected shortly. he will be talking about the debt ceiling. that is the $16.7 billion ceiling we will hit up against in congress. also, possibly touching on topics like gun violence and other issues that are on the president's agenda. >> ladies and gentlemen, the president of the united states. >> please have a seat. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it has been a busy and productive for years. i expect the same thing from the next four years, and i intend to carry out the agenda i campaigned on. new security for the middle class. right now our economy is growing and our businesses are creating new jobs. we are poised for a good year. if we make smart decisions in sound investments, and as long as washington politics did not get in the way of america's progress. as a set on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficit and a balanced and responsible way. for nearly two years now i have been fighting for such a plan, one that wo
for the debt ceiling limit debate. we have breaking news from rich edson joining us live from d.c. go ahead, rich. >> a new debt ceiling target date from treasury, mid-february to early march says treasury. remember we technically hit the debt ceiling on new year's eve but treasury is undergoing what are known as extraordinary measures to keep paying the bills. this in a letter to speaker john boehner from the treasury department. treasury currently expects to exhaust these extraordinary measures between mid-february and early march of this year. any estimate however will be subject to a significant amount of uncertainty because we are entering the tax filing season. a warning to republicans saying threaten to undermind our credit worthiness is no less irresponsible than threatening to undermined the rule of law and no more legitimate than any other common demand for ransom. very similar to the tone and warning about i president obama earlier today in a news conference saying that the congress has ordered him to spend this money and therefore must raise the debt ceiling with no strings atta
of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, t
right. matt spetalnick. >> thank you, sir. you've spoken extensively about the debt ceiling debate, but some republicans have further said that they're willing to allow a government shutdown to take place rather than put off deep spending cuts. are you prepared to allow the government to grind to a halt if you disagree with the spending cut proposals they put forth? and who do you think the american people would blame if that came to pass? >> well, ultimately, congress makes the decisions about whether or not we spend money and whether or not we keep this government open. and if the republicans in congress have made a decision that they want to shut down the government in order to get their way then they have the votes at least in the house of representatives, probably, to do that. i think that would be a mistake. i think it would be profoundly damaging to our economy. i think it would actually add to our deficit because it will impede growth. i think it's shortsighted. but they're elected representatives, and folks put them into those positions and they're going to have to make a
it was in that 2011 debt ceiling agreement in the budget control act, whether it was also the revenue that was increased with the end of the fiscal cliff talks that we had right at the beginning of the new year, tamron. so, president obama said, look, we have really cut a lot of spending. there's more that he would like to be able to do but that it would be ludicrous to suggest there's no spending cut over the last year and a half. >> let's play the president's answer to the question over who would be blamed if we actually see a shutdown. this is his answer a short time ago. >> i suspect that the american people would blame all of washington for not being able to get the act together. >> ta-da! blame everybody in that town excludeing you, of course, mark. but the reality of the situation is that it would be enough blame to go around. president bringing up medicare and social security, as well. being concerned of what do you cut and who ends up hurt in all of this? what's the likely next step given the reaction from speaker boehner and senator mitch mcconnell minutes after the presiden
to do which is just say no? >> right now they're saying that there isn't a plan-b on those terms. the treasury has created a plan that basically could do certain things if congress didn't raise the debt ceiling it would prioritize some of its payments or sell off some u.s. assets or things. the white house never signed off on that. frankly it wouldn't be in the president's interest to come up with a plan-b right now because that would just weaken his hand in these discussions. jake is right when he says that we're going to see a battle over the debt limit whether if white house wants this or not. it's likely to be a little bit uglier than what we saw in 2011 just because the republicans are coming off a bruising election. they're coming off a fiscal debate at the end of the year where they feel like they didn't get anything out of it because they didn't get the spending cuts they want. they have these two things coming up in terms of the budget negotiations. and you have these automatic spending cuts that are set to go into effect at the end of february. they feel like the debt c
marker on that issue of the debt ceiling. will it hit of how much it can borrow. the president says that congress must raise it. he will not negotiate. it's their responsibility. that puts the president squarely at odds with the president. they'll demand spending cuts before raising that ceiling. the president will not engage in negotiates, period. it's simply congress's responsibility to act. >> he's ruled out any unilateral work-around. >>> an element of here we go again. >> it certainly does. so many times, back in august 2011, again, just before the end of this year, the president in pa major confrontation with congress over fiscal issues, taxes and spending and debt. >> you're looking at the door slightly ajarred to the green room, right next to the east room, and the president has been gathering there, we noticed that he postponed this press conference a couple of times this morning. a few delays. >> supposed to be around 11:15. we're almost half-hour after that. not quite. the president could face questions about personnel in the second term. he's facing a big fight with his
right. matt spotolnik. >> thank you, sir. you've spoken extensively about the debt ceiling debate, but some americans have said they're willing to have a government shutdown take place rather than have deep spending cuts. are you prepared for the government to take a halt rather than accept the spending cuts they set forth, and who do you think america would blame if that came to pass? >> well, obviously the republicans in congress have a decision to make, and if they want to shut down congress in order to get their way, then it would take a vote from the house of representatives to do that. i think that would be a mistake, i think it would be profoundly damaging to our economy. i think it would actually add to our deficit because it will impede growth. i think it's short-sighted. but they're elected representatives and folks put them into those positions, and they're going to have to make a decision about that. and i suspect the american people will blame all of washington for not being able to get its act together. we can shake a bipartisan plan to reduce the deficit. is that re
to the president's statements on the debt ceiling, the new payroll tax hike, and a lot more. but first we'll take a look at how apple is trading right now. it did dip below 500 this morning after the company cut orders on its iphone five screens and some other components today. what is the best way to play the stock going forward? seth weintraub is the pick lisher of nine to five mac. he joins us this morning. >> good morning. >> my first question is, is this new news or not? >> well, there were similar reports from chinese news sources over the past month. so i guess it's now more official that "the wall street journal" reported it. although it is still a little bit in the u.s. >> a lot of discussion about whether the market is discounting the same headline twice today. what does it say about demand for the iphone five specifically, and then what does it say about demand for anything with the apple logo on it over the next few years? >> well, investors are clearly spooked. there's a lot of different things that may be scaring them. we've been hearing some stories about apple going to a two per y
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